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Isaac Newton Foundation Inc

EIN 23-3083881 · Philadelphia, PA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak42 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE FOUNDATION'S MISSION IS TO SUPPORT THE HEALTH, WELFARE, EDUCATIONAL INTERESTS OF THE MATHEMATICS, SCIENCE & TECHNOLOGY COMMUNITY CHARTER SCHOOL (THE "SCHOOL"), A PENNSYLVANIA NONPROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"), AS AMENDED.THE FOUNDATION IS A NONPROFIT CORPORATION ESTABLISHED UNDER THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA. THE PURPOSES FOR WHICH THE FOUNDATION IS ORGANIZED AND OPERATED ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE, AND, IN FURTHERANCE OF THESE PURPOSES, THE FOUNDATION MAY: (A) OPERATE EXCLUSIVELY FOR THE SUPPORT AND BENEFIT OF THE SCHOOL AND ITS AFFILIATED OR CONTROLLED ORGANIZATIONS THAT ARE PUBLICLY SUPPORTED CHARTITIES AS DEFINED UNDER THE CODE; (B) UTILIZE RESOURCES FOR THE PURPOSES OF REPLICATING THE SCHOOL'S EDUCATIONAL MODEL; (C) RECEIVE CONTRIBUTIONS FROM WHATEVER SOURCE.

Income
$9.8 million
Spending
$9.2 million
Spent on programs
97%
Reserves
-137 months of spending
Largest source of income
fees for its services, 93%
Employees
0
Volunteers
0

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 42 out of 100. Higher than 17% of charities in its peer group (education, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 93% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 6% of income.

  • Income trend

    10 of 15

    Income fell 2% on the year before.

  • Spending floor

    15 of 15

    97% of spending went to programs.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 74% of charities in its peer group (education, $1m to $10m).

  • Independent board

    25 of 25

    5 of 5 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $9.0 million spent. ORGANIZATION LEASES PROPERTY TO MATHEMATICS, SCIENCE AND TECHNOLOGY COMMUNITY CHARTER SCHOOL, A NOT-FOR-PROFIT ENTITY FORMED UNDER 501(C)(3) ID# 23-2963763, MAST COMMUNITY CHARTER SCHOOL II, A NOT-FOR-PROFIT ENTITY FORMED UNDER 501(C)(3) ID# 47-3810173, AND MAST COMMUNITY CHARTER SCHOOL III, A NOT-FOR-PROFIT ENTITY FORMED UNDER 501(C)(3) ID #83-1383617.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 2017.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.